Unconventional Central Bank Measures for Emerging Economies

Released on by Mr.Etienne B. Yehoue
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  • Unconventional Central Bank Measures for Emerging Economies Book Detail

  • Author : Mr.Etienne B. Yehoue
  • Release Date : 2009-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1451873735
  • File Size : 3,3 MB
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Unconventional Central Bank Measures for Emerging Economies by Mr.Etienne B. Yehoue PDF Summary

Book Description: Unconventional central bank measures are playing a key policy role for many advanced economies in the 2007-09 global crisis. Are they playing a similar role for emerging economies? Emerging economies have widely used unconventional foreign exchange and domestic short-term liquidity easing measures. Their use of credit easing and quantitative easing measures has been much more limited. Thus, unconventional measures are much less important for emerging economies compared to advanced economies in achieving broader macroeconomic objectives. The difference can be attributed to the relatively limited financial stress in emerging economies, their external vulnerabilities and their limited scope for quasifiscal activities.

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